Property Overview
119 Swinford Way is a well-proportioned family home in Winnipeg's Riverbend neighborhood. Built in 2004, it offers 1,675 sqft of living space on a roughly 4,855 sqft lot. The property sold in late 2024 for an estimated $550k–600k, placing it well above average for the wider city and neighborhood in terms of value. Its assessed value is $476k.
Key Characteristics & Appeal
This home’s primary appeal lies in its balanced, above-average metrics across a desirable, established neighborhood. It is not an outlier in any single category but presents a strong, consistent profile. The living area is notably spacious, ranking in the top 11% for Riverbend, making it a substantial home for the area. Built in 2004, it is a relatively modern property compared to many in Winnipeg, likely meaning fewer major immediate repairs than older stock.
Its appeal is for buyers seeking a move-in-ready, spacious home in a mature neighborhood without venturing into brand-new subdivisions. It would suit growing families or professionals looking for stability and space. A thoughtful perspective is that while the lot size is average for the street, it is smaller than the city average, suggesting a lower-maintenance yard—a potential perk for some, but a limitation for those wanting extensive outdoor space. The sale price significantly exceeded the assessed value, which is common in active markets and indicates buyers placed a premium on the home's specific condition, updates, or the street's desirability.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,675 sqft, the living area is above average for the Riverbend neighborhood (top 11%) and on Swinford Way itself, where it ranks 7th largest out of 27 homes.
2. Why is there a difference between the sold price and the assessed value?
The assessed value ($476k) is for municipal tax purposes and often lags behind the current market. The sold price range ($550k–600k) reflects what a buyer recently paid, influenced by market conditions, the home’s specific condition, and buyer demand.
3. Is the lot size typical for the area?
Yes. The lot of 4,855 sqft is very close to the street average and is a typical size for the Riverbend neighborhood, though it is smaller than the overall Winnipeg average.
4. What does the year built tell us about the property?
Built in 2004, this is a newer home compared to most in Winnipeg (top 15% city-wide) and on its street. This typically suggests modern construction standards, efficient layouts, and potentially newer major systems like plumbing and wiring.
5. How can I find out the exact sold price?
The provider does not display exact MLS sold prices due to industry rules. You can request the exact figure by emailing them directly for a manual lookup, which they provide without using your email for marketing.